I have removed all the multiple choice questions from the exam. The exam now consists of 6 problems.
Topics to be covered:
Chapter 15, Dividends, Stock Splits and Treasury Stock
Chapter 16, EPS basic and diluted, convertible debt and stock options
Chapter 19, Permanent and Temporary Differences, Deferred Tax Assets, Deferred Tax Liabilities, NOLs
Chapter 20, omitted
Chapter 21, Operating and Capital Leases for lessee, Operating and Capital leases for lessor, including direct financing and sales type leases.
Chapter 22, Changes in Accounting Principle – general rule, special retroactive treatments, Changes in Estimate, Correcting Errors.
Chapter 23, Cash Flow –direct and indirect method
Chapter 24, Footnote disclosure, post balance sheet date changes, segment reporting, interim reporting
The emphasis will be on the last 2 chapters and those topics on the quizzes where I observed general lack of understanding – review your quizzes carefully!